Last Updated on by Buayifa
Starting a reselling business is a great side hustle you can do from home.
But how do you even start a business reselling stuff?
Sometimes, buying and selling apps are overwhelming, that you don’t want to get into all that.
Also, you may be stuck on what to sell online, where to find things to sell, and how much money you can make.
Well, that’s the way it is when you are new to reselling from home.
But in this post, we’ll talk about what a reselling business is, how to start a business reselling with no money.
Yup, you don’t have to spend any or a lot of money to begin selling.
So let’s dive in.
What Is A Reselling Business
A reselling business – just as the name goes – is buying and reselling online and locally.
Do you need money to start a reselling business?
Starting a reselling business requires little to no investment, at least at the beginning. I really advise you don’t invest any tangible amount as a newbie reseller.
The business of reselling generates money you can now use to buy and sell again. So make sure to sell free stuff first, and you’d know if you need to invest money as time goes.
But can you make money buying and selling online?
Yup, you can make money right away.
I started selling on Mercari, in 2018, and I made my first sale on my first day. Then I think a sold a couple more and I started enjoying reselling, and still do till date.
How many marketplaces can you resell?
If you are a beginner reseller, it is best to start with one marketplace and see if a business of reselling is something you really want to do.
With time you can try other marketplaces, and make more money from home.
What are the best marketplaces for reselling?
And among these three, Poshmark and Mercari are two of the best reselling marketplaces with lots of buyers and sellers.
I’ve never tried eBay, but I heard it is a great place to resell online too.
But all of them have their issues. So not one is entirely better than the other.
Anyway, read the posts below to understand the differences and similarities with these reselling apps.
Steps To Start A Reselling Business Without Money
1. Search for, install and test reselling apps
Before you start a reselling business, you – at least – need to know or check out several selling apps to see which works for you.
Don’t just rely on reviews you see on App store or Play Store.
Download the reselling app, list a product, enter the description and whatever, and hit publish.
Even if you don’t make a sale immediately, you’ve already had a feel of how to list and sell on a reselling marketplace.
Some of the things you can consider when checking out these apps are shipping costs, selling fees, and processing fees.
Yeah, I’ve made it clear several times how I feel about the Mercari processing fees that was recently added.
Okay, that’s that.
2. Start reselling stuff from your house
Now I always advise that you sell things from your house first, use them to test the reseller marketplace.
So look around your house, and list a few things, and see how it works.
If you make any sales, ship them with shipping supplies you already have at home, like old boxes or resealable poly mailers.
I repeat, don’t spedn your money on inventory yet. Because if you wake up one day and decides to stop reselling, your money will be tied down in inventory.
So take your time and maybe, ask yourself the following questions:
- Am I okay with the time it took me to make my first sale?
- Am I fine with the extra fees, the payout, the buyer/seller ratings, and all that?
These are things you’d learn when you are testing the selling apps.
3. Decide what you want to sell
Now you’ve tried maybe two or three reselling marketplaces, and you understand how they work.
It is now time to decide what you want to sell.
But the thing is, you really don’t have to sell a specific item if you don’t want to.
Most resellers, me inclusive, just sell whatever we can lay our hands on, as long as it is not prohibited on the marketplace.
So if it is sellable, what are you waiting for? Please sell it!
On the flip side, some people sell only gadgets, and all that techie stuff, like games, laptops, mobile phones, etc.
So do you want to start reselling gadgets? or Do you want to resell shoes?
And I’ve noticed people that only sell sunglasses, and they make lots of sales too.
As long as you can list the items, describe them, and buyers want them; then you would sell.
4. Source for items to sell
Since we’re talking about starting a reseller business with no money, you can continue selling stuff from your home.
But at some point, you’d run out of things to sell in your house, and that’s when you start considering buying and reselling online.
And of course, the product you want to sell determines where you’d shop for it.
So where do you find things to buy and resell?
You don’t want to go shopping for retro fashion from a gadgets store, do you?
Check out 7 great places to find items to resell.
Also, when buying to resell, make sure the items are in great condition.
Like the kind of item you can use.
You can’t just buy anything in meh condition and expect that people would pay money for it.
So open your eyes, shop good, and factor the price and your profit too.
5. Gather reseller supplies
If you sell on Poshmark, you’d need to ship with USPS priority mail shipping boxes.
Luckily you can order the boxes free of charge from the USPS website, and they will be delivered to you.
Or you can pick them up from the USPS closest to you.
But Mercari ships with first-class mail, so you can ship with boxes you have at home.
Now, boxes are not all you need, here are more reseller supplies that make reselling much easier and fun.
And you don’t have to buy all of them at the same time. Just get what’s more important for now, and add others as you make progress.
6. List and sell your stuff
At this point, you are ready to sell as a side hustle or full time thing.
Go ahead, take pictures, describe your items, make sales, ship stuff, and get your money.
And let me tell you, some buyers would ask you to combine and ship several items for them. That’s what they call bundling.
Read this post for steps to make bundles on Mercari.
So that you can add it to your profile that you sell bundles.
7. Open a bank account or connect an existing one
Once you become a reseller, it is good you have a bank account to recieve your earnings as most marketplaces prefer direct deposit over PayPal.
If you don’t have a bank account, you can open a Chime bank account (not an affiliate link) and connect it to all your reselling marketplaces.
This way you can get your money after making sales from several places.
But if you don’t want to transfer your funds yet, you can leave it in your store credit to shop later.
The marketplace I know of that pays through PayPal is ThredUp.
Boom! Tips For Starting A Reselling Business
So that’s what you need to know before you start selling your things from home.
I hope this post gives you some reselling business ideas to make money.
Have you started a reseller business?
What tips do you have for us? Can you share them in the comments?
Thanks for reading.
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